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MET Group completes acquisition of second wind park in Bulgaria
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MET Group completes acquisition of second wind park in Bulgaria

December 16, 2021
Swiss-based European energy company MET Group has completed the acquisition of a 100% stake in a 60-megawatt wind park in Bulgaria from the Spanish Grupo Enhol.

The transaction is an important step in achieving MET’s renewables growth targets in the CEE region, which aims for a 500 MW portfolio to be in operation by 2023. With this acquisition MET brings its wind power operating portfolio in Bulgaria to 102 MW.

On 30 July 2021, MET Group signed a share purchase agreement with Grupo Enhol, a Spanish family-owned company focusing on renewable energy, to acquire its 60MW Suvorovo Wind Park in Western Bulgaria, on the coast of the Black Sea. The transaction was completed on 15 December 2021.

Suvorovo Wind Park, representing 8,5% of the total installed wind capacity in Bulgaria, consists of 30 Gamesa G90 wind turbines of 2 MW capacity each. The wind farm produces approximately 120 GWh of electricity per year, supplying power equivalent to the consumption of around 38,000 households.

 

MET Group

MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power markets. MET is present in 14 countries through subsidiaries, 25 national gas markets and 22 international trading hubs. In 2020, MET Group’s consolidated sales revenue amounted to EUR 11,2 billion, the volume of natural gas traded was 71 BCM.